The globalization of labor

11:36 AM,
Feb. 7, 2014

Written by

Richard Scamehorn

This is the first of a three part series about the growth of Asia's power.

Manufacturing is no longer the cornerstone of the American economy as it was six decades ago.

In 1953 manufacturing peaked - less than a decade following World War II - as it represented 28 percent of our gross domestic product (New York Times, Jan. 26). By 2012, it was only 12 percent, dealing a hard body-blow to what was formerly the heart of America's middle class.Evaluating labor's cost ...